$BTC

Bitcoin is currently trading at around $104,800, marking a slight decrease of ‑0.3% compared to the previous close.

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📈 Market Overview:

After reaching a peak close to $112,000 in May, Bitcoin maintained levels above $100,000 for most of last week.

Despite geopolitical tensions in the Middle East, Bitcoin held steady around $104,000‑$105,000 with good stability in volatility.

It dropped below $103,000 amid a risk-off environment mid-week, but quickly recovered after falling below the 50-day simple moving average (~$103,150).

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🏦 Institutional Investor Activity:

Institutional interest in Bitcoin is increasing, especially ETFs attracting strong inflows despite an outflow of about $132 million from some funds, including significant outflows from iShares and Fidelity.

Philippe Laffont from Coatue also noted that Bitcoin's volatility has decreased, making it more stable and suitable for investment portfolios.